Bobby Company Purchased 40% of the Outstanding Shares of Wilson

Multiple Choice

Bobby Company purchased 40% of the outstanding shares of Wilson Company as a long-term investment.At the end of the year,the market value of the shares increased.The increase in market value of Wilson Company's shares will affect Bobby Company by ________.

A) increasing assets and increasing stockholders' equity
B) decreasing investments and increasing cash
C) increasing investments and increasing stockholders' equity
D) no effect